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Business Rates

Question for Treasury

UIN 90405, tabled on 9 December 2021

To ask the Chancellor of the Exchequer, if he will make an estimate of at what percentage of turnover the estimated receipts to the Exchequer for an Online Sales Tax would equal the total business rates payable on retail property.

Answered on

14 December 2021

At Autumn Budget 2021, the Government announced that it will continue to explore the arguments for and against an Online Sales Tax, the revenue from which would be used to provide business rates relief for in-store retail. The consultation will launch in the new year.

If the Government decides to proceed with such a tax, it will assess any effects on the public finances, including business rates, once the final policy decisions have been reached.

Answered by

Treasury
Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.